First Busey (BUSE) Financials

First Busey Corp (BUSE) is a financial holding company that provides a range of banking and financial services. As of December 31, 2020, the company had total assets of $11.9 billion. The company operates through three segments: Banking, Remittance Processing, and Wealth Management. The Banking segment offers various traditional banking products and services, including commercial and agricultural loans, consumer loans, and deposit services. It also provides treasury management, electronic banking, and alternative delivery channels, such as mobile banking and e-Statements. The Remittance Processing segment offers lockbox and other wholesale remittance processing services to banks and corporate clients. The Wealth Management segment provides a range of asset management, investment, and fiduciary services to individuals, businesses, and foundations. With a strong focus on customer service and a commitment to community involvement, First Busey Corp strives to meet the financial needs of its customers while contributing to the communities in which it operates.

In terms of financial performance, First Busey Corp has consistently delivered strong results. For the year ended December 31, 2020, the company reported total revenue of $487.5 million, representing an increase of 15.7% compared to the previous year. Gross profit for the year was $387.3 million, while net income attributable to stockholders was $54.5 million. The company's EBIT (earnings before interest and taxes) was $86.4 million, and its EBITDA (earnings before interest, taxes, depreciation, and amortization) was $129.6 million. These figures reflect the company's ability to generate solid operating profits and manage its expenses effectively. Moving on to the balance sheet, First Busey Corp has a strong financial position. The company's total assets stood at $11.9 billion, while total liabilities were $9.4 billion. Stockholders' equity was reported at $2.4 billion, indicating a healthy level of net worth. The company has also managed its debt prudently, with total debt of $3.6 billion and net debt of $3.5 billion. The cash flow statement reveals that First Busey Corp is generating strong cash flows from its operating activities. Operating cash flow for the year ended December 31, 2020, was $154.6 million, driven by the company's profitable operations. The company has also been successful in generating free cash flow, which was $125.2 million during the same period. First Busey Corp's financial position is further strengthened by its cash equivalents, which stood at $157.8 million as of December 31, 2020. These cash equivalents provide the company with flexibility and liquidity to meet its short-term obligations and pursue growth opportunities.